[mapalo]

Thank you Sir

[mapalo]

Thank you i now get it i didnt uderstand the rights issue calculation.but now i do Thank you

[mapalo]

I actually found this question on a past paper it was an exam given to students at their college.Am havin trouble finding the interim dividend and final dividend for both years.

[mapalo]

Yes your right it was suppose to be at 1 january 2005 A bonus issue of one share for every four in issue at that date,Using the share premiumu account.At 1 april a rights issue of one for every ten in issue at that date at 1.50 per share

[mapalo]

Thanx

[mapalo]

Sir i saw a question were there was Receivables at the begining were 280 000 irrecoverable debts written off 8000 and allowance for receivables wer 140 000 and allowance for receivables 15% i dont remember how the question was asked but were suppose to calculate what the irrecoverable expense would be.How can you solve this?

[mapalo]

Can some one help me with this: Receivables at the beginning are 280000.Receivables at the end are 370000.irrecoverable debts are 8000 and allowance receivables at the beginning was 14000.and allowance receivables 5%.What is irrecoverable expense to be shown in the income statement

[mapalo]

I’ll answer number (2) You open Payables control account.And you must know that payables at 1 july will be the opening balance brought forward$60000 will be CR,and cash paid to suppliers will be DR,contra 2000 DR,Discount received will be DR and the balance of 84000 will be DR. The answer is 331760 its a c/d at the CR side then b/d at the DR side. Its easy you need to just know the format for control accounts

[mapalo]

I did this 12000* 10%=1200 12000-1200=10800*5%=540 10800-540=10260*17.5%=1795.5. (10260+1795.5)=12055.5

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